BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
November 2, 2020
Pocket Outdoor Media Acquires FinisherPix, Global Sports Photography Provider
Boulder, Colorado, USA — November 2, 2020 —Pocket Outdoor Media (POM), the world's leading creator of active lifestyle content, today announced the acquisition of FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners,...
November 2, 2020
Sportstats Grows Again, Launching New Brands and Services
Created in response to the cancellation of events by the COVID-19 pandemic, VirtualRun.World keeps people active and engaged by offering the ability to race virtually. Currently shipping in Canada, the United States, and Australia, the brand continues to grow its global presence. VirtualRun.World strives to offer a premier virtual racing...
November 2, 2020
Skylar Schneider, Kendall Ryan & Justin Williams to lead 2021 L39ION of Los Angeles Co-Ed Domestic Elite Team
LOS ANGELES, November 2, 2020 – Williams Racing Development, the company that uses marketing to promote and increase diversity within cycling, today announced the roster for their 2021 L39ION of Los Angeles USA Cycling Domestic Elite Team and the establishment of a Men’s UCI Continental Team, L39ION of Los Angeles....
October 30, 2020
Race Roster invests heavily in Customer Success
London, ON (Friday, October 30, 2020) - Speed is no stranger to Race Roster’s growing Customer Success team. They’re not only quick to answer your call, but they’re also likely to be one of the first runners at your finish line. Race Roster’s Customer Success team takes pride in their...
October 29, 2020
Skechers (SKX) Tops Q3 Earnings and Revenue Estimates
Skechers came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago. Skechers posted revenues of $1.30 billion for the quarter ended September 2020. Read more on Zacks.
October 29, 2020
Wall Street suddenly loves bike companies thanks to cycling boom
In October, Canyon, a high end, direct-to-consumer bike brand, announced that it was in talks with private equity and buyout firms. A sale could bring in $592 million and start a trend. Find out what other companies are making waves here.
October 29, 2020
Lululemon Wants to Achieve Full Pay Equity for Gender and Race by 2022
The athletic apparel and accessories chain announced today that it has developed a long-term strategy to become a more equitable business through inclusion and diversity, as well as minimize its environmental impact. It set 12 ambitious goals, which involve commitments to invest $75 million into wellbeing programs by 2025, expand...
October 29, 2020
Hoka Drives Stellar Quarter for Deckers Brands
Deckers Brands posted a monster quarter with sales rising 14% in constant currency, driven by 83% growth in its running brand Hoka One One. The brand, which has been on a tear for quite some time, increased 83% to $143 million. Nearly every brand in the company portfolio grew during the...
October 28, 2020
Whoop, maker of the fitness tracker that pro athletes love, is now valued at $1.2 billion
Some of the biggest names in sports are investing in the wearable company Whoop amid a global pandemic. The fitness tracking company announced it closed a $100 million financing round. Whoop is the fitness tracker of choice for a number of pro athletes, now used to help monitor potential symptoms...
October 28, 2020
Shimano’s Earnings Climb In Nine Months
Shimano Inc. reported earnings rose 10.4% in the nine months ended September 30 despite a 2.0% dip in sales. Earnings reached ¥47,231 million, up from ¥42,799 million a year ago. Sales were ¥264,174 million against ¥269,523 million. Operating income increased 7.7% to ¥54,300 million and ordinary income increased 5.7% to...
